Profossor Wendy Smith has been offered the following opportunity: A taw firm would tike to retain her for an uptront payment of 350.000. In retum, for the next year the fum would kave scceses to eight hours of her time every month. As an altemative payment acrangement, the fim would pay Protossor Smith's houtly rate for tie oight hours each month. 5 meth's rase is 5655 per teui 15\%.) What about the NPV rule? The annual IRR is 6. (Round to two decimal places.)